I almost screwed myself up while trying to cross trade
Hello everyone , How are you all ?
I hope everyone is fine and doing great in their life.
I started trading in year 2017 and i have really learnt a lot of stuff in the last 4 years , i did mistakes , i made losses , and , profits but all that gained me experience and i improved myself up specially with each mistakes I committed related to trading.
Today I was trying to cross trade a token to make some profit and in that process i almost screwed myself up. What actually happened was when I withdraw my tokens from the first wallet to intermediate wallet my funds didn’t reflected their for almost one hour.
Thankfully i had the same tokens on the other exchange and i sold them and saved myself from any kind of loss. After one hour I transferred my funds from the intermediate wallet to second exchange.
I put $74 and made $94 so that was a profit of $20 approx. I kept the profit and again tried sending $74 to the first exchange and guess what they didn’t reflected for one complete hour again. I did not had a huge loss so i am happy.
I often try to cross trade currencies that are not famous and are available only on few exchanges but sometimes your assets gets stuck for almost a day and you can end up facing loss.
So it is all on you , few of my friends have reached out to me and asked me to cross trade for them but i try to stay away as it is not my money and i can only swallow loss if it is my money.
Anyways , that was a small trading activity i thought of sharing with all of you. Have anyone among the readers has a bad experience while trying to cross trade ? If yes then do share with me in comments below.
Thank You
Good on you bro!
You can teach them your approach and let them cross-trade themselves. But I'm sure so many of them are afraid of losing.
We gotta be willing to lose if we want to win.
Posted Using LeoFinance Beta
So many of them are believing me more then themself but that's not how it will work , as i said i can only swallow the loss if the money is mine. I have tried to convince them to learn but many are not even wanting to learn basics.
There are few who are still dependent on me if they want to withdraw their earnings or make a investment anywhere. They give me fiat and ask me to do it for them.
I have tried convincing them that learn because it will help them only. i think i will start taking fees from them and then they will start learning 😅